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Cities Score Class Cert. In Rate-Rigging Suit Against Banks

By Katryna Perera ( September 21, 2023, 10:19 PM EDT) -- A New York federal judge on Thursday granted class certification to a group of American cities that are accusing eight large banks of inflating interest rates on debt securities known as variable rate demand obligations, overruling the banks' arguments that the cities couldn't show common issues prevailed among the different plaintiffs....

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